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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Diamond who wrote (8117)	10/28/1998 7:31:00 PM
From: Rob Prickett	Read Replies (1) \| Respond to of 10227

Nextel Financing, Nextel mentioned in the conference call that they are also looking into vendor (Motorola) financing. So, maybe the $300M announced today will be augmented. As implied, it would not make sense until they were up against the wall (mid-1999) to try to arrange for needed financing. Speculation: $300M announced today was not going to be enough to get through 1999, as recently as the October 15 conference call. Does this mean some other capital is in the works (Towers, etc.)? Bernie, I thought it was a 'Goldilocks' economy, but you're very considerate to include Cinderella - she might feel slighted. :) Rob

To: Bernie Diamond who wrote (8117)	10/29/1998 3:11:00 PM
From: NewsTrader	Respond to of 10227

(NewsTraders) -- Nextel Communications (NXTL) has obtained $195 million of additional secured financing, according to an 8K filing at the SEC Thursday. The wireless telecom operator said it amended its existing credit facility on October 28, and has already drawn down the additional funds. As a result of the agreement, Nextel's credit pact provides for an aggregate of $3.195 billion of secured financing (consisting of a $1.5 billion revolving loan and $1.695 in term loans), subject to the waiver of applicable borrowing conditions. The borrowing under the facility is ratably secured by liens on assets of Nextel's subsidiaries. The lending institutions include Chase Manhattan Bank; Morgan Guarantee Trust Co.; Nationsbank N.A.; Toronto Dominion Bank; Barclays Bank; and Morgan Stanley Senior Funding.